Umax Group Corp Stock Market Value
| UMAX Stock | USD 0.0001 0.00 0.00% |
| Symbol | UMAX |
UMAX Group Corp Price To Book Ratio
Is Leisure Products space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of UMAX Group. If investors know UMAX will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about UMAX Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Assets (0.98) | Return On Equity (2.34) |
The market value of UMAX Group Corp is measured differently than its book value, which is the value of UMAX that is recorded on the company's balance sheet. Investors also form their own opinion of UMAX Group's value that differs from its market value or its book value, called intrinsic value, which is UMAX Group's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because UMAX Group's market value can be influenced by many factors that don't directly affect UMAX Group's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between UMAX Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if UMAX Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, UMAX Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
UMAX Group 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to UMAX Group's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of UMAX Group.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in UMAX Group on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding UMAX Group Corp or generate 0.0% return on investment in UMAX Group over 180 days. UMAX Group Corp., a development stage company, doing business as UMAX Nutrition, focuses on developing and distributing ... More
UMAX Group Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure UMAX Group's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess UMAX Group Corp upside and downside potential and time the market with a certain degree of confidence.
UMAX Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UMAX Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UMAX Group's standard deviation. In reality, there are many statistical measures that can use UMAX Group historical prices to predict the future UMAX Group's volatility.UMAX Group Corp Backtested Returns
We have found three technical indicators for UMAX Group, which you can use to evaluate the volatility of the company. The entity owns a Beta (Systematic Risk) of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and UMAX Group are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
UMAX Group Corp has no correlation between past and present. Overlapping area represents the amount of predictability between UMAX Group time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of UMAX Group Corp price movement. The serial correlation of 0.0 indicates that just 0.0% of current UMAX Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
UMAX Group Corp lagged returns against current returns
Autocorrelation, which is UMAX Group stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting UMAX Group's stock expected returns. We can calculate the autocorrelation of UMAX Group returns to help us make a trade decision. For example, suppose you find that UMAX Group has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
UMAX Group regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If UMAX Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UMAX Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UMAX Group stock over time.
Current vs Lagged Prices |
| Timeline |
UMAX Group Lagged Returns
When evaluating UMAX Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UMAX Group stock have on its future price. UMAX Group autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, UMAX Group autocorrelation shows the relationship between UMAX Group stock current value and its past values and can show if there is a momentum factor associated with investing in UMAX Group Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for UMAX Stock Analysis
When running UMAX Group's price analysis, check to measure UMAX Group's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy UMAX Group is operating at the current time. Most of UMAX Group's value examination focuses on studying past and present price action to predict the probability of UMAX Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move UMAX Group's price. Additionally, you may evaluate how the addition of UMAX Group to your portfolios can decrease your overall portfolio volatility.